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6 Following are transactions for Vitalo Company. November 1 Accepted a $3,000,180-day, 5%...

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Accounting

6 Following are transactions for Vitalo Company.
November 1 Accepted a $3,000,180-day, 5% note from Kelly
White in granting a time extension on her past-
due account receivable.
December 31 Adjusted the year-end accounts for the accrued
interest earned on the White note.
April 30 White honored her note when presented for
payment.
Complete the table to calculate the interest amounts at
December 31st and April 30th and use those calculated values
to prepare your journal entries.
Note: Do not round intermediate calculations. Use 360 days a
year.
Complete this question by entering your answers in the
Complete the table to calculate the interest amounts at Deceml
30th.
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